I expect even more expensive Cocktail Parties took place well before this one -
parties to celebrate Gordon Brown's handing over UK banking supervision to the FSA.
This is what set the stage for the wholesale destruction of British banking & all that has flowed from it.
Yet this simple fact, which should be shouted from the roof tops each and every day seems only mentioned in whispers!

"The most expensive cocktail party in history" is how Michael Fallon rightly characterised the discussion between Gordon Brown and Sir Victor Blank, Chairman of Lloyds Banking Group, over drinks in September of last year. It was at this cocktail party, just a few days after the collapse of Lehm...